Libya's Audit Bureau slams authorities as "not serious" toward economic reform

Libya's Audit Bureau slams authorities as "not serious" toward economic reform

January 10, 2018 - 21:59
Posted in:
Written by: AbdulkaderAssad

The Libyan Audit Bureau has stated that it has more than once sent letters to the officials and authorities in the past months urging for economic reforms in the country.

The Audit Bureau's media office said Wednesday that its Head, Khalid Shakshak, letter on December 31, 2017 to the Head of the Presidential Council, Fayez Al-Sirraj and the Governor of the Central Bank of Libya and the Minister of Finance about the necessity of approving and implementing economic reforms was one of many letters.

"The authorities are not serious in implementing the reforms and some of them are going on with the same type of work on purpose." The Audit Bureau indicated.

It added that this behavior is an unprecedented insistence on keeping the crisis ongoing with worse economic measures that the ones already in place, saying such conduct by the authorities is an invitation for more corruption leading to enabling some businesspersons and powerful people to seize the country and people's resources as their own.

The Audit Bureau asked for economic reforms in a letter to the authorities to end the current crisis, saying it would have to suspend all letters of credit of the CBL if the reforms weren't implemented, accusing the CBL of favoring certain businesspersons for the letters of credit to use them for importing goods and thus monopolize the market.